Republicans have locked up 218 seats in the U.S. House of Representatives, assuring a majority, the Associated Press said on Wednesday night. Coming after President-elect Donald Trump won a second term and the GOP seized control of the Senate, the clean sweep solidifies prospects that Trump will be able to pass the tax cuts he wants.
How financial markets react to Trump's plans, however, will depend partly on Republicans being able to shrink the size of government to avoid spiraling deficits. Control of the House makes deficit-reduction possible, but doesn't assure success.
Trump Agenda Rests On House Outcome
Even without a clean sweep, Trump would still have had power to impose broad tariffs and conduct deportations, as he sees fit. But the economic impact of such policies will be harsher if, unlike in his first term, Trump wasn't able to juice the economy with tax cuts.
The table below includes 45 House races seen as potentially in play by Sabato's Crystal Ball, published by the University of Virginia's Center for Politics.
With seven races still undecided, Republicans are in position to widen their House majority. Current results show the GOP candidate leading in four races.
| Key House Races | |||||
|---|---|---|---|---|---|
| District | Rating | Outcome | District | Rating | Outcome |
| AK-At Large | Leans R | R+3 | NJ-7 | Leans R | R |
| AZ-1 | Leans R | R | NM-2 | Leans D | D |
| AZ-6 | Leans R | R | NV-3 | Likely D | D |
| CA-13 | Leans D | R+2 | NY-1 | Leans R | R |
| CA-22 | Leans R | R | NY-4 | Leans D | D |
| CA-27 | Leans D | D | NY-17 | Leans R | R |
| CA-41 | Leans R | R | NY-18 | Likely D | D |
| CA-45 | Leans R | R+<1 | NY-19 | Leans D | D |
| CA-47 | Leans D | D | NY-22 | Leans D | D |
| CA-49 | Likely D | D | OH-9 | Leans D | D+<1 |
| CO-3 | Likely R | R | OH-13 | Leans D | D |
| CO-8 | Leans D | R | OR-5 | Leans D | D+3 |
| CT-5 | Leans D | D | PA-7 | Leans D | R |
| IA-1 | Leans D | R+<1 | PA-8 | Leans D | R |
| IA-3 | Leans R | R | PA-10 | Leans R | R |
| MD-6 | Leans D | D | PA-17 | Leans D | D |
| ME-2 | Leans D | D+<1 | TX-28 | Leans D | D |
| MI-7 | Leans R | R | TX-34 | Leans D | D |
| MI-8 | Leans D | D | VA-2 | Leans R | R |
| MI-10 | Leans R | R | VA-7 | Leans D | D |
| MT-1 | Leans R | R | WA-3 | Leans R | D |
| NC-1 | Leans D | D | WI-3 | Leans R | R |
| NE-2 | Leans D | R |
| House seats | Including safe seats |
|---|---|
| Democrats | 210 |
| Republicans | 218 |
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Harris Vs. Trump: Counting To 270 Electoral Votes
In the seven so-called swing states, 93 electoral votes were up for grabs. Trump needed to win 50 but has already nailed down 66, with victories in Georgia, Michigan, North Carolina and Pennsylvania.
Key Swing States
| Possible Swing States | |||
|---|---|---|---|
| State | Rating | Electoral votes | Outcome |
| Arizona | Leans R | 11 | R |
| Florida | Likely R | 30 | R |
| Georgia | Leans R | 16 | R |
| Iowa | Likely R | 6 | R |
| Maine | Likely D | 2 | D |
| Michigan | Leans D | 15 | R |
| Minnesota | Likely D | 10 | D |
| New Hampshire | Likely D | 4 | D |
| New Mexico | Likely D | 5 | D |
| Nevada | Leans D | 6 | R |
| North Carolina | Leans R | 16 | R |
| Pennsylvania | Leans D | 19 | R |
| Texas | Likely R | 40 | R |
| Virginia | Likely D | 13 | D |
| Wisconsin | Leans D | 10 | R |
| Electoral vote tally | (Including safe states) |
|---|---|
| Harris | 226 |
| Trump | 312 |
Battle For The Senate
There were 10 Senate seats seen as potentially in play on Election Day. Because Harris lost, Democrats needed to win eight races to retain their majority. However, Republicans have won the five races that have been called, giving the GOP at least a 52-seat majority that is likely to keep growing.
| Key Senate Races | ||
|---|---|---|
| State | Rating | Outcome |
| Arizona | Leans D | D |
| Florida | Likely R | R |
| Michigan | Leans D | D |
| Montana | Leans R | R |
| Nebraska | Leans R | R |
| Nevada | Leans D | D |
| Ohio | Leans R | R |
| Pennsylvania | Leans D | R |
| Texas | Leans R | R |
| Wisconsin | Leans D | D |
| Senate seats | (Including safe seats) |
|---|---|
| Democrats | 47 |
| Republicans | 53 |
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